What is open interest (OI)?
Every open contract corresponds to one long position and one short position, so the total number of long positions and short positions in the entire market is always equal.
Open interest for Binance USDⓈ-M perpetual contracts is calculated separately for each contract, so data from a single platform does not represent the total across the entire market.
When managing risk, the most important thing to keep in mind is to consider open interest alongside price and funding rates. Looking only at changes in open interest to guess whether prices will rise or fall can easily lead you astray.
$BTC 81564.01（-0.63%）
Every open contract corresponds to one long position and one short position, so the total number of long positions and short positions in the entire market is always equal.
Open interest for Binance USDⓈ-M perpetual contracts is calculated separately for each contract, so data from a single platform does not represent the total across the entire market.
When managing risk, the most important thing to keep in mind is to consider open interest alongside price and funding rates. Looking only at changes in open interest to guess whether prices will rise or fall can easily lead you astray.
$BTC 81564.01（-0.63%）